OneChicago (CBOE, CME, & CBOT)

Discussion in 'Index Futures' started by JayS, Nov 14, 2001.

  1. JayS


    Appoints Peter F. Borish as Senior Managing Director of Business Development

    CHICAGO, November 14, 2001 – OneChicago, LLC will be the name of the recently formed joint venture of the Chicago Board Options Exchange® (CBOE®), Chicago Mercantile Exchange Inc. (CME) and Chicago Board of Trade (CBOT®), the joint venture’s Chairman and Chief Executive Officer William J. Rainer announced today. The exchange was established to trade single-stock futures and narrow-based stock indexes.

    Rainer also announced the appointment of Peter F. Borish as Senior Managing Director of Business Development for OneChicago.

    Borish is the founder and chairman of Computer Trading Corporation (CTC), formed in 1995 to manage assets in the futures markets. From 1986 to 1994, Borish was Director of Research at Tudor Investment Corporation. From 1982 to 1985, Borish was at the Federal Reserve Bank of New York.

    “Peter has been an innovator in the futures markets for many years and brings with him a deep understanding and knowledge of markets,” Rainer said. “His experience and relationships will be invaluable in our efforts to make OneChicago the premier marketplace for single-stock futures.”

    “I am thrilled to be part of this team. Each of the joint venture partners has a long history of successful leadership in their respective industries,” said Borish. “Under the direction of Bill Rainer, this endeavor should revolutionize both the futures and securities markets.”

    Mr. Borish has an extensive history of advocacy on behalf of the futures industry. He serves on the Board of Directors of the Futures Industry Association and is a Trustee of The Institute for Financial Markets. Additionally, he was a member of the Presidential Task Force on Market Mechanisms (the “Brady Commission”). He is also a founding member of the Board of Directors of the Robin Hood Foundation. Mr. Borish holds an M.A. in Public Policy and a B.A. in economics from the University of Michigan.